Have you ever dreamed of discovering oil on your land? While it might seem far-fetched, it may not be entirely impossible. In this fortunate situation, you must understand your rights and the steps to take. Below is what you can do if you stumble upon black gold on...
Gas And Mineral Law
Why you should document existing conditions before drilling begins
Oil and gas development can bring benefits, but it is important to protect your property throughout the process. One crucial step is documenting your property's condition before any drilling activity starts. This helps establish a baseline and strengthens potential...
Are mineral rights inheritable in Texas?
Oil and gas can be vital resources, making this industry a valuable venue for sustainable investments that may benefit families across multiple generations. Mineral rights owners could hold on to their interests with the intention of passing them on to their children,...
3 avoidable mistakes many mineral rights owners make when selling
Holding title to mineral rights in Texas is a significant asset. Selling rights can be a complex process that requires careful consideration. Prospective buyers may approach you in various ways including mail solicitations, phone calls and through intermediary...
How can a property owner maximize their mineral rights?
Mineral rights owners in Texas can explore the surface below the area of the property and extract the minerals they find. If you own mineral rights, you can also sell the rights to a third-party entity, such as a private company, and receive either a large up-front...
Selling drilling rights in the oil-rich state: A basic guide
Texas has consistently been a hub for oil exploration for over a century. This history underscores the likelihood of oil or gas reserves on your land. But while the potential exists, the actual process of drilling can be complex, costly and technically demanding....
Can I sell my property while retaining mineral rights?
Sometimes, landowners no longer need their land but find profit potential from the minerals beneath the property. Fortunately, they can sell their land and retain mineral rights. This way, they can continue exploring and making most of the minerals under the ground....
How do mineral rights differ from surface rights?
Mineral rights in Texas are the rights of an individual to any oil, gas, mineral and resource deposit below the surface of a certain estate or property. The surface is the real property or visible estate where one would usually build housing or commercial...
What does it mean to “lease” mineral rights?
If you own property that is rich in desired minerals — meaning oil, natural gas and coal — then you may consider selling your land to an oil or gas company. Before you forfeit your rights to your property entirely, consider, first, the idea of leasing it. A mineral...
The basics of selling mineral rights
A property owner in Texas who holds title to mineral rights may at some point want to sell or lease these rights to an oil and gas company. Market conditions change from month to month, so property owners should know the value of their holdings and some of the legal...